Crypto Currency - Believers Only

Matic getting hit a little now but has been on a great run, it supports ETH so I think I will stick with it 5 dollars is possible by end of year.

And the whole market has just dropped 20% or so. Jeez.

Ok. Thanks for clarifying Wally.

I do agree with you to some extent; if you remain convinced of an investment case it’s better to buy more at a cheaper price rather than crystallise losses. The caveat to that of course being that it’s a pretty high conviction/ high risk strategy and you end up concentrating your position even further which hurts you from a diversification perspective.

you pays your money you takes your choice, as Mark Kermode is fond of saying…..

I am now the proud owner of 9.7m Shiba. When these hit £40k each I’m going to buy everyone a drink at Bedrock.

Inclined to agree with this.

mono-stereo or a blow job. The hamster-faced, sweaty gaylord chubster. Always preferred Justin Toper.

All going Pete Tong now - Coinbase is down.

But the dips.

Binance preventing trading too. I’m trying to buy more Shiba and it won’t let me. It absolutely reeks. Wouldn’t surprise me if it is freezing people out so only a select few can buy when the prices are low. My overall wallet is bouncing back up

Inflation fear + HF market manipulation = fire sale

JFC - Ethereum has bounced down and back up 500 quid a coin twice today already. My heart!

Averaging does not make sense. I’d rather lose an average of £1 per share on 10 shares than £0.50 per share on 30 shares.

Seems pretty clear you simply can’t trust any of these platforms.

benson If you bought 10 shares for a quid and the price dropped to 50p a share, and you bought another 20 shares for 50p each, your average price would be 67p so instead of the stock having to go back up 50p, it only needs to go up 17p to break even.

Cost averaging is a foundational investing technique that has worked since stock trading began. The only way it won’t work is if you invest your money in companies that won’t go back up 17p a share (which begs the question did you do your due diligence before you invested in said company).

The downside of course is that more of your capital is tied up so there’s always the theoretical cost of missing out on some bargain elsewhere but that’s the chance you take it you don’t want to lose your money.

I guess you don’t need a coffee in the morning to get your bowels moving in this lark.

Watching the graph turn into a ski slope this after noon.

Amps
LOL

Average that out